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Medical Properties Trust put volume heavy and directionally bearish

Bearish flow noted in Medical Properties Trust with 28,879 puts trading, or 1.4x expected. Most active are Oct-23 5 puts and Jan-25 3 puts, with total volume in those strikes near 15,800 contracts. The Put/Call Ratio is 4.59, while ATM IV is up over 2 points on the day. Earnings are expected on October 26th.

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